petroleum production
IndustryReferenced in 3 bills
Royalty Legislation Amendment Bill 2020
This bill changes how Queensland calculates petroleum royalties and modernises royalty administration for both petroleum and minerals. From 1 October 2020, petroleum royalty is based on production volume rather than the previous complex 'wellhead value' method, providing greater certainty for the coal seam gas and LNG industry.
Resources and Other Legislation Amendment Bill 2021
This bill makes technical fixes to mining and petroleum laws to protect existing resource tenures from administrative errors, repeals the never-implemented Personalised Transport Ombudsman scheme, and gives South East Queensland water distributors new powers to enforce water restrictions while protecting cyber security information from public disclosure.
Revenue and Other Legislation Amendment Bill 2019
This bill implements the 2019-20 Budget revenue measures, making significant changes to land tax, payroll tax, and petroleum royalties. It raises taxes on large landholders and foreign property owners while providing relief for small businesses, regional employers, and those who hire apprentices.